50 - 50 Finance
50 - 50 Finance
Overview
Under this product variant, customer approaches the Bank and requests for financing his dream car while he pays 50% of the car value to the dealer and wants to finance the other 50% with little documentation and no car restrictions
Features & Benefits*
- Only 1 month Bank Statement is required.
- Extremely Competitive Profit Rates
- Minimum Salary AED 5,000
- No Salary Transfer is required
- Maximum Finance amount up to AED 500,000
- Maximum Finance tenure up to 5 years
- Finance available for new and used cars,
- First Installment within 90 days for new cars and 60 days for used cars
- Quick and Fast Approvals.
*Terms and conditions apply
Documentation
- Duly completed and signed application form
- Valid passport/Khulasat al Khaid Copy/Valid visa/UAE National ID
- 1 months Bank statement
- Labor card copy
- Salary Certificate
- Copy of Trade License (Self-employed)
- Car Quotation from franchise dealer or Evaluation from an approved evaluator